Hunter Perkins Capital Management LLC Increases Stake in Fiserv, Inc. $FISV

Hunter Perkins Capital Management LLC lifted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 19.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,196 shares of the business services provider’s stock after buying an additional 15,128 shares during the quarter. Fiserv comprises 2.7% of Hunter Perkins Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Hunter Perkins Capital Management LLC’s holdings in Fiserv were worth $12,016,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its position in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in Fiserv during the 2nd quarter worth $34,000. Clear Street LLC bought a new position in Fiserv in the 2nd quarter valued at $34,000. Christopher J. Hasenberg Inc increased its stake in shares of Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the period. Finally, Armstrong Advisory Group Inc. raised its position in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FISV has been the topic of several recent research reports. Zacks Research cut Fiserv from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Citigroup reduced their target price on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. William Blair downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Argus restated a “hold” rating on shares of Fiserv in a report on Thursday, October 30th. Finally, Susquehanna reaffirmed a “positive” rating and set a $99.00 target price (down previously from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Fiserv has an average rating of “Hold” and a consensus target price of $119.58.

Fiserv Stock Up 0.3%

Shares of NASDAQ:FISV opened at $67.95 on Thursday. The company has a 50 day moving average price of $75.46 and a two-hundred day moving average price of $121.04. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $36.94 billion, a PE ratio of 10.50, a PEG ratio of 2.61 and a beta of 0.80. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company had revenue of $4.32 billion during the quarter. Analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam L. Rosman purchased 7,900 shares of Fiserv stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average price of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 34,900 shares of company stock worth $2,211,971 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Fiserv Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.